Canada did good job on trade deal

Vancouver Sun - - EDITORIAL - A ver­sion of this ed­i­to­rial ap­peared ear­lier in the Ot­tawa Cit­i­zen.

Trade agree­ments be­tween coun­tries are in­evitably born of com­pro­mises be­tween com­pet­ing po­lit­i­cal agen­das. Just ask the Mul­roney-era team that ne­go­ti­ated NAFTA with the Amer­i­cans and Mex­i­cans in 1992.

Imag­ine how much more dif­fi­cult it is to cut a deal when one of the lead­ers in­volved is un­pre­dictable, tem­per­a­men­tal and of­ten un­in­formed. Seen in that light, the trade pact Canada has reached with the U.S. and Mex­ico feels like some­thing of an eco­nomic mir­a­cle.

The ac­cord has its flaws, and as Prime Min­is­ter Justin Trudeau re­cently cau­tioned, it still must be rat­i­fied by all three coun­tries.

Still, af­ter 19 months of bru­tal ne­go­ti­a­tions, an agree­ment in prin­ci­ple ex­ists to keep sup­port­ing free ex­change in a re­gional mar­ket worth $25 tril­lion and rep­re­sent­ing 470 mil­lion peo­ple.

Good things can be said about the USMCA: It ap­pears to pre­serve the dis­pute-set­tle­ment

mech­a­nism Canada in­sists on.

The auto sec­tor seems to have sur­vived.

Sup­ply man­age­ment in Canada’s dairy sec­tor

is likely in its end days. This will be hard on an in­dus­try that faces sig­nif­i­cant change. But we’re no fans of rules that im­pose ar­ti­fi­cial pric­ing.

Mul­roney, not­ing “the devil is in the de­tails,” called the new agree­ment “a highly sig­nif­i­cant achieve­ment” for Canada. It is.


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